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Nov 2, 2012
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earnings reports this morning, chevron a big drop in profit in the last quarter down about 33% to $5.25 billion. revenue is down also. missed expectations by around $8 billion. the company had lower natural gas and oil production also higher maintenance costs including the big fire at its richmond refinery. >> linkedin proves it's one of the better social media companies turning a profit of over a couple of million dollars in the recent quarter after a loss the year earlier. markets have modest gains. we had a nice day yesterday so some of the gains baked in early. the dow up only by 5 points right now. nasdaq higher b a fraction as well as the s&p. earnings reports have been poor for the 3rd quarter fourth not looking better. back to you guys. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> new this morning, a couple of die-hard apple fans are lining up for the new ipad mini. this is in san francisco overnight. preorders for the 7.9" tablet sold out in 20 minutes last week. today only the wi-fi version of the mini is on sale. the cellar model hits shelves in time for th
earnings reports this morning, chevron a big drop in profit in the last quarter down about 33% to $5.25 billion. revenue is down also. missed expectations by around $8 billion. the company had lower natural gas and oil production also higher maintenance costs including the big fire at its richmond refinery. >> linkedin proves it's one of the better social media companies turning a profit of over a couple of million dollars in the recent quarter after a loss the year earlier. markets have...
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. >> chevron says the refunry should be functional again. crews working to repair the unit two months after being damaged by a fire in august. this refunry has seen a sig scant drop since the mayor, rs announced it's earnings dropped 33% but earned $2.69. >> i share. >> still to come at 5:00 a bra heist in palo alto. bras stolen from a store, how it happened. >> looks like people could use a cover up. but there is no cover up here. a live report is coming up. >> i'm sandhya patel looking for the game a big warm up coming that may take temperatures into record territories. i'll have details of the weather coming up. >> and ping pong on the streets of san francisco. the news continues in one minute. we'll be right back. >>> retail business they call it shrinking, the rest of us call it shoplifting. it just happened in a victoria's secret store in the stanford shopping center. the chain has been ripped off of tens of thousands of dollars worth of merchandise. abc 7 news is live in palo alto tonight with the story. >> $11,000 worth of bras stole
. >> chevron says the refunry should be functional again. crews working to repair the unit two months after being damaged by a fire in august. this refunry has seen a sig scant drop since the mayor, rs announced it's earnings dropped 33% but earned $2.69. >> i share. >> still to come at 5:00 a bra heist in palo alto. bras stolen from a store, how it happened. >> looks like people could use a cover up. but there is no cover up here. a live report is coming up. >>...
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chevron says today it will take another several months before the refinery is fully functional. the refinery was damaged by a that sk in a pipe. chevron says after the fire the refinery would be plating at reduced capacity throughout the end of the year. >> working on an anonymous tip, police have released surveillance video and today, they arrested a 20-year-old bicyclist they say beat a muni station agent. we showed you the tape, here it is. police say he jumped the gate with his bicycle and when the agent confronted him police say riley kicked the agent in the chest and knocked him down. riley faces three felony charges for battery and mayhem. >> next week we're expecting the jigs zigs about a former elementary school principal accused of hail failing to report suspected child sex abuse. >> right. jurors spent five hours deliberating today. took two votes and told the judge they cannot reach a verdict and that their split was 8-4. they didn't indicate which way they're leaning. most jurors told the judge additional information would not help reach a verdict but some of them i
chevron says today it will take another several months before the refinery is fully functional. the refinery was damaged by a that sk in a pipe. chevron says after the fire the refinery would be plating at reduced capacity throughout the end of the year. >> working on an anonymous tip, police have released surveillance video and today, they arrested a 20-year-old bicyclist they say beat a muni station agent. we showed you the tape, here it is. police say he jumped the gate with his...
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Nov 3, 2012
11/12
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chevron is working on repairs right now, they have been since that fire. the oil company's output was down by more than 100,000 barrels over a year ago. that decrease first blamed on the fire. >>> it is the first saturday in november. that means crab fishing season is underway in northern california. recreation al fishermen will have 12 days to catch those. they are limited to 10 crabs per catch. >>> sesame street's elmo and his civic duty. still to come the puppet-based protest rallying support for public broadcasting. >> the chances of me conceding naturally would be very slim. >>> in this morning's health watch a wake up call for women who want to have babies. >>> this is a special weekend because it is 49 hours long. we are falling back, which typically means temperatures are falling as well. not the case as you'll see in my extended forecast, coming up. both mother and baby. but obesity also makes it harder a woman to get pregnant in t >>> welcome back. being obese increases the risk of pregnancy for mother and baby. it also makes it harder for a woma
chevron is working on repairs right now, they have been since that fire. the oil company's output was down by more than 100,000 barrels over a year ago. that decrease first blamed on the fire. >>> it is the first saturday in november. that means crab fishing season is underway in northern california. recreation al fishermen will have 12 days to catch those. they are limited to 10 crabs per catch. >>> sesame street's elmo and his civic duty. still to come the puppet-based...
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Nov 3, 2012
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would not directly comment on them. >>> chevron today reported the 33% decline in its net income for the third quarter. officials pointed to a decline in production and a drop in prices for oil and gas. net income was $5.25 billion, or 2, or $2.69 a share. that compares with $7.83 billion for the third quarter last year. they lost more than $3 today. >>> rise in unemployment and the increasing estimate of costs from superstorm sandy drove stocks lower. dow lost 139 points, nasdaq was off by 37, s & p 500 finished 13 points lower on the day. >>> it is time to fall back soon, daylight saves time take fix on 2:00 a.m. on sun arizona. turn your clocks back by one hour. lucky for us, that means we get an extra hour of sleep. let's turn now to our chief meteorologist bill martin for what weather we'll be waking up to. >>> we're looking for nice weather tomorrow, and sunday, temperatures reign on the increase. daytime highs to be warmer. cloudy now, look at the live picture. clouds moved in quick. fog this morning, look for dense fog tomorrow morning, but not as much as this morning. look a
would not directly comment on them. >>> chevron today reported the 33% decline in its net income for the third quarter. officials pointed to a decline in production and a drop in prices for oil and gas. net income was $5.25 billion, or 2, or $2.69 a share. that compares with $7.83 billion for the third quarter last year. they lost more than $3 today. >>> rise in unemployment and the increasing estimate of costs from superstorm sandy drove stocks lower. dow lost 139 points,...
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chevron, caterpillar, ibm, some names that have been managing to squeeze up some games. let's take a look at a winner on wall street. that is priceline after they came out with their orderly reports. they expected slower growth. it turned out it was doing better than expected and one of the reasons is because of europe. they compete directly with names like expedia and such. they even got an upgrade from a buy rating to a hold. dagen: thank you. let's go back to adam shapiro. he is live and staten island. connell: what is happening, adam? >> we are watching strangers come by with food and water. the topic everyone is discussing is the fact that the new york city marathon is still going to be run. i want to introduce you to very important people who live in this area. this man grew up here and his girlfriend lives behind here. some of the houses condemned. john, the marathon is going on. what do you think? >> i think, along with many others, it is a disgrace. >> what would you say to mayor bloomberg to maybe change his mind? >> i can understand you may feel it is upliftin
chevron, caterpillar, ibm, some names that have been managing to squeeze up some games. let's take a look at a winner on wall street. that is priceline after they came out with their orderly reports. they expected slower growth. it turned out it was doing better than expected and one of the reasons is because of europe. they compete directly with names like expedia and such. they even got an upgrade from a buy rating to a hold. dagen: thank you. let's go back to adam shapiro. he is live and...
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Nov 3, 2012
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chevron says it is cooperating with state and federal negotiations. chevron has pointed to a corroded pipe as the trigger for that fire. >>> if you bought gas lately, you probably noticed that prices have plummeted. ktvu's maureen naylor found gas at $3.59. well below the record high prices of just below a month ago. >> reporter: a few weeks ago gas averaged $4.68. ant tonight at least here $3.89. aaa expects that downward trend to continue. >> typically i spend maybe $40 a day on gas. >> reporter: because he has to cover the price of gas and commutes from san jose, he pays close attention to gas prices. >> i see it's trending down, it's given me a little more room to breathe. >> reporter: in san francisco the average cost for a gallon is $3.48. in oakland you will pay $3.03. san jose $4.01 and vallejo $3.98. cars lined up at this shop because of the price, $3.59 a gallon. >> cheapest gas in san jose. >> that's why you come here. >> i always come here. >> my wife entirely thinks i'm not very smart that i drive 6 miles to get something that's 6- cents
chevron says it is cooperating with state and federal negotiations. chevron has pointed to a corroded pipe as the trigger for that fire. >>> if you bought gas lately, you probably noticed that prices have plummeted. ktvu's maureen naylor found gas at $3.59. well below the record high prices of just below a month ago. >> reporter: a few weeks ago gas averaged $4.68. ant tonight at least here $3.89. aaa expects that downward trend to continue. >> typically i spend maybe $40 a...
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Nov 3, 2012
11/12
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chevron says it is cooperating with state and federal negotiations. chevron has pointed to a corroded pipe as the trigger for that fire. >>> if you bought gas lately, you probably noticed that prices have plummeted. ktvu's maureen naylor found gas at $3.59. well below the record high prices of just below a month ago. >> reporter: a few weeks ago gas averaged $4.68. ant tonight at least here $3.89. aaa expects that downward trend to continue. >> typically i spend maybe $40 a day on gas. >> reporter: because he has to cover the price of gas and commutes from san jose, he pays close attention to gas prices. >> i see it's trending down, it's given me a little more room to breathe. >> reporter: in san francisco the average cost for a gallon is $3.48. in oakland you will pay $3.03. san jose $4.01 and vallejo $3.98. cars lined up at this shop because of the price, $3.59 a gallon. >> cheapest gas in san jose. >> that's why you come here. >> i always come here. >> my wife entirely thinks i'm not very smart that i drive 6 miles to get something that's 6- cents
chevron says it is cooperating with state and federal negotiations. chevron has pointed to a corroded pipe as the trigger for that fire. >>> if you bought gas lately, you probably noticed that prices have plummeted. ktvu's maureen naylor found gas at $3.59. well below the record high prices of just below a month ago. >> reporter: a few weeks ago gas averaged $4.68. ant tonight at least here $3.89. aaa expects that downward trend to continue. >> typically i spend maybe $40 a...
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energy shares like chevron and chesapeake. they did come out with third quarter financial results. oil production was down year over year. >> the energy stocks head south. gas prices continued to drop by at because of sandy motorists are literally running on empty. tracy: take at -- take a look at the winners and losers. we will be right back. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with pele he trusts, which is why he trades wita company that doesn't niel and dime himith hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. at legalzoom, we've created a better place to turn r your legal mters. maybe you want to incorporate a business you'd like to start. or protect yr family with a will or living trust. legalzoom makes it easy withtep-by-step help when completing your personalized document -- or you can even access an atto
energy shares like chevron and chesapeake. they did come out with third quarter financial results. oil production was down year over year. >> the energy stocks head south. gas prices continued to drop by at because of sandy motorists are literally running on empty. tracy: take at -- take a look at the winners and losers. we will be right back. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into...
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chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ soothes you to sleep with ingredients like melatonin. it's safe with no side effects, so you wake up... ready to go. [ male announcer ] unisom natural nights. >>> four days until the legs, and the economy and a handful of swing states could sway ut outcome of the presidential race. in iowa the unemployment rate is 5.2%. it's much lower than the national average of 7.9%. the economy is still causing problems for the president. >> we basically started this in a little 24 x 24 rundown garage. >> reporter: that wa
chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from...